AL. NEYER SEEKS SENIOR PROJECT ACCOUNANT
Al. Neyer is expanding its finance and accounting team with a new Senior Project Accountant role. In this new position, you will play a key role as we build out our processes to drive accurate accounting and financial oversight for our construction jobs. You work in a fast-paced and structured environment that includes coordinating with our Design-Build construction operations, including project managers and executives and our accounting leadership. The ideal candidate will bring existing project / construction accounting experience from a subcontractor or general contractor and will be able to leverage prior experience to assist Al. Neyer in building a best-in-class construction accounting team. So, if you like to dig the details and make big impacts, keep reading.
Why Al. Neyer?
Al. Neyer is a 100% employee-owned real estate developer with a vertically integrated design-build construction firm. Al. Neyer has nearly 200 employee-owners working in real estate development, design-build construction, capital raising and supporting roles in Cincinnati, Pittsburgh, Nashville, and Raleigh. Our growth is fueled by a strong commitment to our core values and the constant cultivation of a best-in-class team.
We put a high premium on the kind of people who dig the details and have the skills to orchestrate them to perfection in a high-energy environment. We have longevity, a stellar reputation as a great partner to the communities in which we operate, and a detailed vision for our collective futures. All of this is built upon trust, strong relationships, and a drive to win.
Here at Al. Neyer, we pride ourselves on a culture that inspires, challenges, supports and rewards our employee-owners. Our passion is contagious, our sleeves are always rolled up and our doors are always open to new inventive, collaborative team members.
Essential Job Functions
Contract Management:
- Ensure estimates have been prepared, substantiated with bids and reviewed by the appropriate levels of management prior to entering into owner contracts.
- Review subcontractor contracts to confirm bidding processes were followed and final costs are in line with budget.
Project Management:
- Track and analyze project costs, ensuring accuracy and completeness in financial records.
- Collaborate with project managers to monitor, understand the cause of and report on budget variances to Design-Build and Finance & Accounting leadership.
- Forecast project costs, revenue & margin to support decision-making processes in collaboration with design-build team.
- Monitor project expenses and ensure adherence to budget.
- Identify cost-saving opportunities and recommend corrective actions to address budget overruns or financial risks.
- Assess financial risks associated with projects and implement risk mitigation strategies.
- Monthly review of job cost activity ensuring consistent and proper coding of subcontractor and internal costs.
- Monitor job over/underbilling and accounts receivable and accounts payable, ensuring timely billing and reporting on collection risks.
- Monitor job buyout status against contracts
- Set up approved jobs and close out completed jobs.
Billing and Invoicing:
- Ensure subcontractor invoices are submitted timely and work with subcontractor and project manager to ensure accuracy of subcontractor invoices and proper coding.
- Lead effective communication with vendors and subcontractors to resolve any invoicing discrepancies.
- Oversee preparation of monthly owners’ invoices.
- Address subcontractor and owner inquiries related to project billing and invoicing.
Financial Reporting:
- Perform financial analysis to identify trends, variances, and areas for improvement in project financial performance.
- Proactively elevate project concerns or risks to margin to management.
- Generate financial reporting metrics on jobs for inclusion in monthly financial reporting package.
- Present financial data and analysis to project stakeholders and management, highlighting key performance indicators and financial metrics.
- Provide project-specific financial updates to management.
- Provide support to external auditors in support of annual financial statement audit.
How will the Role be Measured / KPIs:
- Executing assigned monthly duties to support a 6-day accounting close.
- Percent / number of owner invoices rejected by owner or lender (measuring accuracy of submitted invoices)
- Measuring and reporting on over and under-billings managed within set percentage and dollar parameters on a per-job and company-wide basis.
- Coordinate with construction team to drive subcontractor payment preferences to ACH and credit card and measure and report on mix of subcontractor payments made by credit card or ACH vs. Check.
- Ability to synthesize and report on relevant information on construction contracts, financial and operational performance to management.
- Measurement, assessment and reporting of adherence to policies, procedures, and controls by the construction team.
- Other measurables may be identified during employment in this role.
Qualifications and Experience
- Bachelor’s degree required in Accounting, Finance, or related field.
- 5+ years accounting experience in a staff or senior role including general ledger and job / project accounting. Construction industry experience highly preferred.
- Excellent analytical skills with the ability to interpret complex financial data and generate meaningful insights.
- Proficient in Microsoft Office suite with strong Excel skills required. Prior experience using a construction accounting software package is highly preferred.
- Demonstrated understanding of US Generally Accepted Accounting Principles (US GAAP).
- Demonstrated ability to communicate effectively and to work cooperatively and collaboratively with individuals of diverse backgrounds and at all organizational levels.
- Ability to organize, prioritize and manage multiple priorities while being detail oriented.
- Ability to manage change and adapt to changing processes and procedures.
- Demonstrated initiative to continue to learn and broaden accounting and industry knowledge.
- Proven ability to use technology to improve process and task efficiency.
Safety Hazard of the Job
Normal safety hazards associated with office work, and with occasional observational visits to construction sites.
Physical Demands
Low physical effort required to sit, stand at files, bend, stoop, lift, and walk. Maximum unassisted lift is 35 lbs. Average lift is less than 10 lbs. Requires ability to use a keyboard and monitor. Also requires the ability to communicate verbally, both in person and on the telephone. May require some travel by car or plane.
Environmental Requirements
Average inside office environment. Average office noise levels. No personal protective equipment is required. Ambient temperature is between 68F and 76F.
This job description is not intended to be all inclusive. The employee will also perform other reasonably related business duties as assigned by their immediate supervisor and other management as required. This job description is not a contract or offer for employment, and either you or Al. Neyer may terminate employment at any time, for any reason.
